<2>Kalshi voids some bets on Khamenei’s ouster because it’s ‘directly tied to death’
<3>The Unsettling Reality of Betting on Death
Kalshi, a prominent online prediction market, has made a bold move by voiding some bets on the ouster of Iran’s Supreme Leader, Ali Khamenei. In a statement on X, Kalshi CEO Tarek Mansour explained that the company would pay out positions on “Ali Khamenei out as Supreme Leader?” at the last trading price before his death. This decision has sparked a heated debate about the ethics of betting on death and the responsibility of prediction markets in preventing such outcomes.
<3>The Rules of Kalshi
Kalshi’s rules are designed to prevent people from profiting from death, and Mansour emphasized that the company doesn’t “list markets directly tied to death.” This stance is a crucial aspect of Kalshi’s business model, as it aims to create a platform where users can engage in responsible and respectful betting. By voiding some bets on Khamenei’s ouster, Kalshi is sending a clear message that it will not tolerate betting on death, even if it’s indirectly related to a specific event.
<3>The